Flexible Office
For Sale
$369,900
Pending
3811 Central Avenue Unit E, Kearney, NE 68847
Commercial suite with private offices, kitchenette, restroom, and interior walls that can be reconfigured.
Property Size2,280 SF
Days on Market83
Property Features for 3811 Central Avenue Unit E
General Information
Standard status
Pending
Size
2,280 SF
Property subtype
Commercial/industrial
Listing Agency:
NP Realty, Inc.
(308) 234-4275
Listed By:
Trevor Payne
(308) 224-9082
Source:
Brandonyaw
Added: Jul 26
Changed: Oct 15
Last Checked: Oct 14 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NP Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,280-square-foot office unit offers a practical existing layout with two private offices, a break area featuring a kitchenette, and one restroom. Interior partitions are non-load-bearing, allowing the space to be rearranged as operational needs change.
The property is positioned in northeast Kearney’s established business district, with visibility from 39th Street. Surrounding uses include professional and medical offices, supporting a setting suited to office, medical, retail, or service-oriented operations.
The property is positioned in northeast Kearney’s established business district, with visibility from 39th Street. Surrounding uses include professional and medical offices, supporting a setting suited to office, medical, retail, or service-oriented operations.
Key Highlights
- 2,280‑square‑foot office unit
- Two private offices, break room with kitchenette, and restroom
- Non‑load‑bearing interior walls support future reconfiguration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,721
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,420
$414.4K
Cap Rate 7%
$296,014
$296.0K
Cap Rate 9%
$230,233
$230.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$30.1K $13.20/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$27.6K $12.12/SF
− OpEx
−$6.9K −$3.03/SF
NOI
$20.7K $9.09/SF
Area
Buffalo County, NE
Vacancy
8.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,420
Cap Rate 7%
$296,014
Cap Rate 9%
$230,233
Alternative Uses
Best Use
Office B
$296.0K
$259.0K – $345.4K
NOI $20,721 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$427.9K
$374.5K – $499.3K
NOI $29,956 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 68847, NE
18,458
Population
7,751
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
109.6 sq mi
ZIP Area
168
Density / Sq Mi
$74,877
Median Household Income
$41,263
Median Earnings
$951
Median Rent
$229,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Commercial suite with private offices, kitchenette, restroom, and interior walls that can be reconfigured.
Where is this office units located?
The property is located at 3811 Central Avenue Unit E Kearney, NE.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,280‑square‑foot office unit; Two private offices, break room with kitchenette, and restroom; Non‑load‑bearing interior walls support future reconfiguration
